On March 24, 2023, the District of Columbia enacted the "Motor Vehicle and Homeowner Insurance Prior Approval Rate Filing Emergency Amendment Act of 2023" (D.C. Act 25-58). The bill amends existing regulations for motor vehicle and homeowner insurance rate filings and will impact property and casualty insurers in the following ways:
District of Columbia Enacts Emergency Act Related to Prior Approval Rate Filings
May 8, 2023 / by AAIS posted in District of Columbia
Texas Issues 2022 Data Call for Annual Experience and Workers' Comp. Deductible Plans
On November 9, 2022, the Texas Department of Insurance (TDI) issued Commissioner's Bulletin # B-0009-22 regarding its 2022 call for annual experience and workers' compensation deductible plans.
Florida Issues Emergency Order and Weekly Data Call Related to Hurricane Nicole
On November 10, 2022, the Florida Office of Insurance Regulation (OIR) issued an Emergency Order and a required weekly data call related to Hurricane Nicole.
New York Issues its Annual Availability, Free Trade Zone, and Homeowners Supplement Surveys
On November 10, 2022, the New York Department of Financial Services (DFS) issued its annual data call for the Annual Availability Survey, Free Trade Zone Report, and Special Homeowners Insurance Supplement. All licensed Property & Casualty insurers are required to submit this report, pursuant to Insurance Law §308.
New Jersey Requires Compliance with New Minimum Auto Coverage Limits
Apr 17, 2023 / by AAIS posted in New Jersey
On November 14, 2022, the New Jersey Department of Banking and Insurance (DOBI) issued Bulletin No. 22-09 regarding compliance with P.L.2022, c.87 (the “Act”), which was enacted through Senate Bill 481 and went into effect on August 5, 2022. The Act amended existing law to increase the minimum limits of liability, uninsured motorist and underinsured motorist insurance coverage that must be provided in automobile insurance policies issued in the state of New Jersey.
Florida Revises Hurricane Nicole Data Call Reporting Deadlines
On November 18, 2022, the Florida Office of Insurance Regulation (OIR) issued a notice to the industry revising the reporting deadlines for its weekly data call related to Hurricane Nicole.
Louisiana Provides Guidance for Filing Demographic Hiring Survey
On November 10, 2022, the Louisiana Department of Insurance (LDI) issued Bulletin 22-07 to provide guidance to all insurers and entities licensed or authorized to do business in the state of Louisiana regarding the Demographic Hiring Survey (Survey).
California Issues Mandatory Moratorium on Policy Cancellations and Non-Renewals
Apr 17, 2023 / by AAIS posted in California
On November 28, 2022, the California Department of Insurance (CDI) issued Bulletin 2022-15 regarding a mandatory moratorium on residential property insurance policy cancellations and non-renewals after the declaration of a state of emergency.
Florida Requires Monthly Hurricane Nicole Catastrophe Reporting Through Feb. 2023
On December 2, 2022, the Florida Office of Insurance Regulation (OIR) issued a notice to the industry regarding its data call related to Hurricane Nicole catastrophe claims.
North Carolina Issues Advisory Regarding Moore County Electrical Power Outages
Apr 17, 2023 / by AAIS posted in North Carolina
On December 6, 2022, the North Carolina Department of Insurance (DOI) issued an advisory to insurance companies regarding policyholders affected by the electrical power outages in Moore County.
